{"id":533844,"date":"2022-11-03T10:31:55","date_gmt":"2022-11-03T05:01:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=533844"},"modified":"2022-11-03T10:31:55","modified_gmt":"2022-11-03T05:01:55","slug":"moodys-downgrades-vedanta-resources-on-debt-refinancing-concerns-company-calls-it-unreasonable","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-downgrades-vedanta-resources-on-debt-refinancing-concerns-company-calls-it-unreasonable\/","title":{"rendered":"Moody&#8217;s downgrades Vedanta Resources on debt refinancing concerns, company calls it unreasonable"},"content":{"rendered":"<p>Vedanta Resources Ltd, the London-based holding company of India-listed Vedanta Ltd, has disputed the latest rating action by Moody&#8217;s after the leading rating agency downgraded the corporate family rating (CFR) of Vedanta on debt concerns.<\/p>\n<p>Moody&#8217;s on Monday downgraded the CFR of Vedanta Resources to B3 from B2 on concerns that the company has not yet found a source of funding to service its $900 million (~Rs 7,450 crore) bond maturities due in April and May 2023, against Moody&#8217;s expectations of securing the funding by the end of October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Resources Ltd, the London-based holding company of India-listed Vedanta Ltd, has disputed the latest rating action by Moody&#8217;s after the leading rating agency downgraded the corporate family rating (CFR) of Vedanta on debt concerns. Moody&#8217;s on Monday downgraded the CFR of Vedanta Resources to B3 from B2 on concerns that the company has not yet found a source of funding to service its $900 million (~Rs 7,450 crore) bond maturities due in April and May 2023, against Moody&#8217;s expectations of securing the funding by the end of October.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-533844","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/533844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=533844"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/533844\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=533844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=533844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=533844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}